4280 Mid America Ln - Medical FOR SALE
Saint Louis, MO 63129 |
$4,240,659 USD
818-442-4722
4280 Mid America Ln
Saint Louis, MO 63129
HIGHLIGHTS
- Corporate lease guaranty from Mercy Health | A+ S&P credit rating | Investment grade | Rare Full Guaranty Structure
- 20-year initial term | 4 x 5-year renewal options | ±10+ years remaining
- Purpose-built primary care facility designed specifically for Mercy Health | Build-to-Suit Location
- Top Health System Tenancy | $10.2 Billion in FY 2025 Revenue | 50 hospitals, 20 ambulatory surgery centers, and more than 1,000 outpatient locations
- Leasehold Investment | Favorable Depreciation Opportunity | Basis Allocated to Depreciable Improvements rather than non-depreciable land
- 142,000+ VPD along Interstate 55 | 175K+ residents within 5-mile radius | Ideal Dense Retail Location
FOR SALE DETAILS
PRICE
$4,240,659 USD
PRICE/SF
$356 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mercy Health (Leasehold) 10 Yr NNN A+ Credit
PROPERTY TYPE
Office
PROPERTY SUBTYPE
Medical
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
A
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.02 AC
LAND SF
44,431 SF
ZONING
-
APN/PARCEL ID
30K-12-0547
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818-442-4722
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818-442-4722
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